The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of Ukraine, driving a decline in real incomes that is forecast to be the most severe since the mid-1950s.
Consumer prices were 7% higher in March than a year earlier, a pickup from the 6.2% rate of inflation in February, and the highest since March 1992, the Office for National Statistics said Wednesday.
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